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Computech Corparation is expanding rapidy and currentiy needs to retain alt of its earnings; hence, it does not pay dividends. However, investors expect Computech to

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Computech Corparation is expanding rapidy and currentiy needs to retain alt of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin poying dividends, beginning with a dividend of $1.00 coming 3 years from today, The dividend should grow rapidiy-at a rate of 18% per year-during Years 4 and 5 , but after Year 5 , growth should be a constant B\% per year. If the required return on Computech is 15\%, what is the value of the stock today? Do not round intermediate calculations. Round yeur answer to the nearest cent. 5

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